Global Top 5 Companies Accounted for 13% of total Commercial Truck Insurance market (Business Opportunities - Investment)

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Global Top 5 Companies Accounted for 13% of total Commercial Truck Insurance market


Commercial truck insurance provides coverage for vehicles used by businesses. These could be vehicles purchased for sole use of the business itself, or personal vehicles used for business purposes. Commercial truck insurance operates similarly to personal auto insurance, covering collision, property damage, medical payments, and other costs that could result either from driving mistakes or damages caused by sources outside one’s control. Personal insurance however, cannot usually be used for vehicles that are driven for business purposes. This is where commercial insurance steps in, since it can cover vehicles that regular auto insurance would not.
The global key manufacturers of Commercial Truck Insurance include PICC, Progressive Corporation, Ping An, Travelers Group, AXA, Sompo Japan, Liberty Mutual Group, Tokyo Marine, CPIC, Zurich, etc. In 2021, the global top five players had a share approximately 13.0% in terms of revenue.

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Last Update : 21 May 2024 3:17 AM
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